Punjab Government’s Student Bike Scheme: Important Notice for Students
Punjab Government’s Student Bike Scheme| How to Apply The Punjab Government, under the special directive of the Chief Minister, has been rapidly distributing motorbikes among students selected through a fair lottery system.
Scheme Benefits and Details
Through this scheme, the Punjab Government is offering a subsidy of PKR 50,000 on electric bikes and PKR 20,000 on petrol bikes. Additionally, these bikes are being provided on an interest-free installment basis to make them accessible for students. Bank of Punjab Coordination with Selected Students
The Bank of Punjab (BOP) has been actively reaching out to students who were selected through the lottery. However, some selected students have not yet opened their accounts with the Bank of Punjab or have not deposited their share of equity in their bank accounts. Similarly, a few students need to replace their guarantor to fulfill the bank’s mandatory requirements, allowing their applications to proceed smoothly.
Action Required by Selected Students
All students whose applications are still pending are requested to complete the required formalities by Sunday, November 10, 2024, by midnight. Students can log in to the Punjab Government’s Bike Portal (bikes.punjab.gov.pk) to update their application and documents. Alternatively, they can complete their application requirements through the Bank of Punjab’s Digital Lending Programme (DLP) mobile application (DLP App).
Important Deadline and Consequences
If you no longer wish to proceed with your application, please inform your educational institution or the Bank of Punjab by submitting an official declaration. A sample declaration form is available on the Student Bike Scheme Portal (bikes.punjab.gov.pk).
Avoid Last-Minute Hassles
This will ensure a smooth process and prevent any delay in receiving your bike.
For more information, contact the Transport and Mass Transit Department at 042-111-333-267 or visit their official website at transport.punjab.gov.pk.
Conclusion
The Student Bike Scheme is an excellent initiative by the Punjab Government to assist students in managing their transportation needs. It is essential to complete your application in a timely manner to avoid missing out on this opportunity. Make sure to follow the instructions carefully and fulfill all requirements to secure your bike.
